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Geithner plan to focus on guarantees
Guarantees on bank assets, expanded financing for credit markets, capital injections in the form of convertible shares and subsidies for anti-foreclosure programmes will form core components of the financial rescue plan to be announced on Tuesday by Tim Geithner, Treasury secretary.
Financial Times

Utah Bill Would Get Rid of Immigrant Driving Cards
A Utah lawmaker wants to get rid of driving privilege cards for undocumented residents.Rep. Stephen Sandstrom, R-Orem, says the measure, House Bill 137, isn't meant to punish immigrants, but ...
Insurancejournal.com

Oregon Bill Evaluates Merits of Re-Rating Insurance/Credit Score
The Oregon Legislature is considering a bill that would prohibit an insurer that issues personal insurance policies in the state to cancel, or non-renew a policy after evaluating the individual's ...
Insurancejournal.com

Craig Stephen`s This Week in China: Hong Kong chief warns second wave of credit crisis may hit
The head of Hong Kong's Monetary Authority warns local legislators that Financial Tsunami Part II could soon hit Hong Kong and other Asian markets.
MarketWatch

UBS, Credit Suisse reportedly lost $25 billion last year
Switzerland's two largest banks are reportedly set to announce this week that they suffered combined losses last year of $25 billion.
Market Watch

Muslim investors profit by adhering to faith
As credit markets have imploded, triggering a global economic crisis, Islamically correct investors have seen a change of fortune: The conservative principles this small group of devout Muslims clung to during the economic heyday has insulated them from the...
San Francisco Chronicle

Muslim investors profit by adhering to faith - SFGate: Business & Technology
As credit markets have imploded, triggering a global economic crisis, Islamically correct investors have seen a change of fortune: The conservative principles this small group of devout Muslims clung to during the economic heyday has insulated them from the... ...
NewsRack

Beyond Banker-Bashing - Washington Post: Op-Eds
If this were a movie, we'd call it 'TARP, the Sequel.' The Obama administration will soon unveil its plan to bolster the nation's financial system. Given the widespread revulsion to financial 'fat cats,' the public reception may be underwhelming. But we need to move beyond populist denunciations of 'bailing out Wall Street.' The purpose of action is more compelling. It is to reverse a massive worldwide credit contraction that's clobbering the real economy of production and jobs.
NewsRack

Funds to fuel green energy run dry - International Herald Tribune: Business
Investors in clean energy are like motorists stuck at broken traffic lights. The public policy light is green, but the price and credit lights are red.
NewsRack

Obama Adviser Warns Stimulus Fight Far From Over
Timeline: U.S. Credit Crunch & Financial Failures One of President Barack Obama's top economic advisers forecast Sunday a difficult struggle with Congress over Senate cuts of $40 billion for state and...
Big News Network

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